UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 6, 2018
Streamline Health Solutions, Inc.
(Exact name of registrant as specified in its charter)
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Delaware |
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0-28132 |
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31-1455414 |
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(State or other jurisdiction of |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
1230 Peachtree Street, NE, Suite 600
Atlanta, GA 30309
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (404) 446-2052
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 6, 2018, the board of directors (the “Board”) of Streamline Health Solutions, Inc. (the “Company”) appointed Wyche T. “Tee” Green, III to the Board, effective as of the same date.
Mr. Green, age 46, is the Chairman and Chief Executive Officer of Greenway Unlimited, an investment company that he founded in 2013. He is the former Chief Executive Officer and Executive Chairman, and a co-founder, of Greenway Medical Health, an electronic health record and practice management based in Carrollton, Georgia, where he served in leadership roles since 1998 and was responsible for leading the Company’s strategic direction while managing the sales, marketing and business development teams. He has a wide array of public and nonpublic board service with healthcare and technology related companies. Mr. Green received a bachelor’s degree in business administration management from Auburn University. We believe Mr. Green’s qualifications to serve on our Board of Directors include his experience as a software executive, his knowledge of our industry and his ability to bring perspective to the Board.
Upon joining the Board, Mr. Green will be leading a comprehensive review of strategy and operations of the Company with a focus on identifying additional growth opportunities for the Company.
Mr. Green and the Company previously entered into a consulting agreement, dated October 25, 2017 (the “Agreement”), pursuant to which Mr. Green receives a monthly fee of $5,000. The Agreement automatically renews on a monthly basis unless terminated by either party upon thirty (30) days’ advance written notice to the other party.
Other than the transaction described above, there are no related party transactions involving Mr. Green that are reportable under Item 404(a) of Regulation S-K. There is no arrangement or understanding with any person pursuant to which Mr. Green was appointed as a member of the Board.
A copy of the press release announcing Mr. Green’s appointment is furnished as Exhibit 99.1 and is incorporated herein by reference.
In addition, Michael K. Kaplan and Michael G. Valentine, both members of the Board, have informed the Company that they will serve the remainder of their terms, which expire at the Company’s next annual meeting of stockholders, but will not stand for re-election at that meeting. The Company is grateful for both of their valuable contributions.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are filed herewith:
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Exhibit No. |
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Description |
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99.1 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Streamline Health Solutions, Inc. | |
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Date: August 7, 2018 |
By: |
/s/ David Sides |
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Name: |
David Sides |
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Title: |
President and Chief Executive Officer |
News Release
STREAMLINE HEALTH NAMES ‘TEE’ GREEN, FORMER CEO OF GREENWAY MEDICAL HEALTH TO ITS BOARD OF DIRECTORS
Atlanta, GA — August 7, 2018 — Streamline Health Solutions, Inc. (NASDAQ: STRM), provider of integrated solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare enterprises, today announced the board of directors appointed Wyche T. “Tee” Green, III to the Board effective immediately.
Mr. Green, 46, is the former Chief Executive Officer and Executive Chairman, and a co-founder, of Greenway Medical Health, an electronic health record and practice management based in Carrollton, Georgia. Mr. Green served in leadership roles at Greenway since 1998 and was responsible for leading the Company’s strategic direction while managing the sales, marketing and business development teams. Currently he is the Chairman and Chief Executive Officer of Greenway Unlimited, an investment company that he founded in 2013.
Upon joining the Board, Mr. Green will be leading a comprehensive review of strategy and operations of the Company with a focus on identifying additional growth opportunities for the Company.
“We are very pleased to have a successful business leader like Tee Green join the Streamline Health board,” stated Jon Phillips, Chairman of the Board, Streamline Health. “Given Tee’s tenure at Greenway Medical and his deep industry expertise, we look forward to benefiting from his leadership, experience and relationships, specifically related to identifying and pursuing additional growth opportunities for the Company.”
“Having gotten to know the Company better as a consultant to them during the course of this year, I have seen numerous areas of opportunity that excite me,” stated Tee Green, Chairman and Chief Executive Officer, Greenway Unlimited. “I look forward to taking a more active role in the Company’s strategy, business development and operations.”
The Company believes Mr. Green’s qualifications to serve on the board of directors include his experience as a software executive, his knowledge of the industry and his ability to bring a new perspective to the Board.
In addition, Michael K. Kaplan and Michael G. Valentine, both members of the Board, have informed the Company that they will serve the remainder of their terms, which expire at the Company’s next annual meeting of stockholders, but will not stand for re-election at that meeting.
About Streamline Health
Streamline Health Solutions, Inc. (NASDAQ: STRM) is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge — producing actionable insights that
support revenue cycle optimization for healthcare enterprises. We deliver integrated solutions, technology-enabled services and analytics that empower providers to drive revenue integrity in a value-based world. We share a common calling and commitment to advance the quality of life and the quality of healthcare — for society, our clients, the communities they serve, and the individual patient. For more information, please visit our website at www.streamlinehealth.net.
Company Contact:
Randy Salisbury
SVP, Chief Marketing Officer
(404) 229-4242
randy.salisbury@streamlinehealth.net